31 January 2013, by Hj Abdul Murad b Che Chik, Chairperson
Circular No 027/2013
Dated 31 Jan 2013
To Members of the Malaysian Bar
Stamp Duty (Remission) (No 3) Order 2012 and Stamp Duty (Remission) (No 4) Order 2012
Please be informed that Stamp Duty (Remission) (No 3) Order 2012 and Stamp Duty (Remission) (No 4) Order 2012 came into effect on
1 Jan 2013, and are applicable where the Sale and Purchase Agreement is executed on or after 1 Jan 2013, but not later than 31 Dec 2014.
Stamp Duty (Remission) (No 3) Order 2012 provides for the remission of fifty per cent from the stamp duty chargeable on any loan agreement to finance the purchase of residential property costing not more than RM400,000, subject to the conditions stipulated in PU (A) 416.
Stamp Duty (Remission) (No 4) Order 2012 provides for the remission of fifty per cent from the stamp duty chargeable on any instrument of transfer for the purchase of residential property costing not more than RM400,000, subject to the conditions stipulated in PU (A) 417.
Please find
attached the following documents for your reference:
- Stamp Duty (Remission) (No 3) Order 2012, gazetted in PU (A) 416 (in Bahasa Malaysia and English);
- Stamp Duty (Remission) (No 4) Order 2012, gazetted in PU (A) 417 (in Bahasa Malaysia and English);
- Statutory Declaration to apply for the remission from the stamp duty chargeable on a loan agreement (in Bahasa Malaysia); and
- Statutory Declaration to apply for the remission from the stamp duty chargeable on an instrument of transfer (in Bahasa Malaysia).
For enquiries, kindly contact Chuah Ying Ying, Officer, by telephone at 03-2050 2106, by fax at 03-2034 2487, or by email at
yingying@malaysianbar.org.my.
Thank you.
Hj Abdul Murad b Che Chik
Co-Chairperson
Conveyancing Practice Committee
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